Insurers have an antitrust exemption now?

If there's one industry that doesn't need an antitrust exemption, it may be big insurance.

The Obama administration is warning the insurance racket that it may lose its antitrust exemption if it doesn't stop running deceptive, dishonest ads against health care reform.

The real story though is that insurance has such an exemption in the first place.

Why haven't the states reined this exemption in? Admittedly, amidst all the other signs of expanding economic fascism since the 1980s, it's been hard to notice their failure to do so.

We can't afford just to warn insurers about losing their exemption. We need to just go ahead and revoke this exemption. They should have had plenty of warning by now.

(Source: http://www.nytimes.com/2009/10/18/us/politics/18address.html)